Valmont Industries, Inc. (NYSE:VMI) Stock Position Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,726 shares of the industrial products company's stock after buying an additional 1,000 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Valmont Industries worth $3,346,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VMI. Vanguard Group Inc. lifted its holdings in shares of Valmont Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock valued at $610,531,000 after purchasing an additional 6,967 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Valmont Industries by 23.3% during the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after purchasing an additional 94,884 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Valmont Industries by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock valued at $130,389,000 after purchasing an additional 9,201 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Valmont Industries by 4.3% during the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock valued at $121,908,000 after purchasing an additional 16,302 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Valmont Industries by 0.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock valued at $88,910,000 after purchasing an additional 1,289 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VMI shares. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus raised their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a research note on Friday, July 18th.

Valmont Industries Trading Up 6.5%

NYSE:VMI opened at $353.44 on Wednesday. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $379.22. The business's 50-day moving average price is $325.94 and its two-hundred day moving average price is $317.60. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 20.57 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $0.16. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $4.91 EPS. On average, equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

Valmont Industries Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.

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